John Maynard Keynes

"Successful investing is anticipating the anticipations of others" - John Maynard Keynes

-was a British Economist-Believed governments should spend their way out of a depression - Deficit Financing-Borrowing money to be rapid after economy recovers-Projects should be of value to the country-Went against Adam Smith's theories-Usa, Japan and Hitler's Germany all use this with success

SummaryJohn Maynard Keynes was economist who developed the theory of spending your way out of a depression. His theory was quickly adopted and made successful by many nations like Japan, USA, and Germany.